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Depending on which prediction you read, oil prices could be set for a rebound or headed even lower.
In turn, that could mean a healthy recovery for the local oilfield businesses and workers who have suffered a slowdown corresponding to the current downturn in prices.
Or, it could mean that the hardships that have hit our oil and service companies are here to stay, at least for the short term.
The federal government will open waters offshore Texas in August for new oil and gas drilling. The sale will be the eighth under President Barack Obama administration's five-year offshore leasing plan.
The Bureau of Ocean Energy Management said Thursday (July 16) it will put 21.9 million acres up for lease at the Mercedes-Benz Superdome in New Orleans on August 19. The leasing area covers water depths ranging from a few dozen feet to more than 10,000 feet.
Nicholls State University is preparing physical and personnel expansions to increase enrollment to offset shrinking revenues.
The Petroleum Engineering Technology and Safety Management program began expanding three classrooms last month in the recently vacated Gouaux Hall, which until recently housed the university's John Folse Culinary Institute.
South Louisiana Community College may soon enhance the quality of the area’s oilfield workforce by offering a one-year diploma program in oil and gas production.
Pending approval by the Southern Association of Colleges and Schools, SLCC will begin offering courses in the fall and offer the program formally in the spring. The diploma program would extend over a calendar year and require 45 credit hours.
Motiva Enterprises’ plan to run its Norco and Convent refineries as a single operation by linking them via a major pipeline may signal that the company, like a number of other refiners, is positioning itself to handle more of the “super light” crude gushing from U.S. shale formations.